Tom Essaye Quoted In Barron’s on February 21, 2024
“There are no notable economic reports today, but the January Fed meeting minutes will be released at 2:00 p.m. ET and that could move Treasury yields and ultimately impact stocks,” writes Sevens Report Research’s Tom Essaye.
Nvidia Has Been The ‘Poster Child’ Of AI Enthusiasm
“Nvidia has been the ‘poster child’ of AI enthusiasm because NVDA makes the type of semiconductor chips that power generative AI and demand for those chips has gone through the roof,” said Tom Essaye, founder of The Sevens Report.
Tech Stocks Pulled Bacl – Tom Essaye Quoted In Barron’s
“I don’t think it means a lot to be honest,” Essaye says. “Because if Nvidia posts good earnings tomorrow, all this is going to be undone relatively quickly.”
What Blowout NVDA Earnings Mean for Markets
What’s in Today’s Report: What Blowout NVDA Earnings Mean for Markets
Hedging Up Ahead Of The Results
“I think what you’re seeing is just some hedging up ahead of the results,” Sevens Report Research’s Tom Essaye told Barron’s.
Reminiscent Of The 2018 ‘Volmageddon’ Event
An important reason why the S&P 500 dropped 1.4% on Tuesday, according to Essaye, was an an overcrowded short side of the options market, which exacerbated the selling.
Tech Weakness Amid Bullish Investor Sentiment
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Why Was Tech So Weak Yesterday? How Bullish Is Investor Sentiment? (Very Bullish)